14,261 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Acquired by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. bought a new position in Patterson Companies, Inc. (NASDAQ:PDCO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,261 shares of the company’s stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PDCO. Raymond James Financial Inc. acquired a new stake in Patterson Companies in the 4th quarter worth approximately $18,316,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Patterson Companies in the 3rd quarter worth approximately $11,183,000. Alpine Associates Management Inc. acquired a new stake in Patterson Companies in the 4th quarter worth approximately $10,581,000. Equity Investment Corp lifted its holdings in Patterson Companies by 16.6% in the 4th quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock worth $62,614,000 after purchasing an additional 289,295 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Patterson Companies by 15.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock worth $55,546,000 after purchasing an additional 245,376 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Price Performance

Patterson Companies stock opened at $31.19 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The firm has a market cap of $2.76 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.71 and a beta of 0.99. The business’s fifty day moving average is $31.03 and its two-hundred day moving average is $26.11. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79.

Analysts Set New Price Targets

PDCO has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Leerink Partnrs downgraded Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their price target on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Piper Sandler lowered their price objective on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com started coverage on Patterson Companies in a research report on Wednesday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Patterson Companies presently has a consensus rating of “Hold” and an average price target of $26.57.

Patterson Companies Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.